- Industry: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
Bill of exchange with a commodity transaction as the underlying. See also finance bill.
Industry:Banking
(1) Loan for a relatively small amount, repayable in instalments and usually granted to salaried employees for personal consumption and durable goods purchases. Personal loans can be used at the borrower's discretion and not tied to a specific purpose. See also consumer credit.
(2) Credit granted to a private person for non-commercial purposes solely on the basis of that person's creditworthiness, income and financial circumstances. See also unsecured credit.
(3) Loan granted to private persons for non-commercial purposes, e.g. consumer credit. The amount and term of a personal loan depend on the needs of the borrower.
Industry:Banking
Also: bank check. A draft issued by a bank which may be drawn on the issuing bank itself or on a third bank. Readily negotiable means of cashless payment.
Industry:Banking
Share issued on the occasion of a capital increase which does not yet entitle the owner to receive the full dividend for the year and is therefore traded separately until the dividend is distributed.
Industry:Banking
Strategy of taking opposite positions in the shares of a takeover candidate and its likely buyer. Highly speculative investment technique.
Industry:Banking
Share of net earnings paid to a company's management, or members of the Board of Directors.
Industry:Banking
A freeze on the repayment of debt or the extension of the lending period. Moratoriums are often declared by governments, typically in favour of developing countries. See also Paris Club, debt rescheduling, debt rescheduling agreement.
Industry:Banking
Also: lien in rem. Restricted right to hold and retain property until a claim is satisfied. If the claim is not met, the creditor is entitled to realize the property securing the lien and to satisfy his claim out of the resulting proceeds.
Industry:Banking
Mortgage that has precedence over all other mortgages. Usually granted for up to two-thirds of the property's market value. See also second mortgage.
Industry:Banking
